If you thought that IT downtime issues won’t affect your business too much in the long run, this infographic from ERS IT Solutions might make you think again.

It’s highly unlikely that a company will go through an entire year without experiencing some IT downtime, but it’s the brevity and frequency of downtime that will determine how badly productivity is affected. The average annual IT downtime for a business is just over 14 hours, which over a whole year might not seem like much but is certainly long enough to hit the company for millions of Euro.

You can find plenty more eye-opening facts and stats about IT downtime in the infographic below. Some of the figures mentioned are utterly staggering.

Industry research shows that IT downtime costs companies a yearly average of almost €1.5 million in the direct costs of fixing the issue and the indirect costs of lost productivity, etc.

IT downtime doesn’t just affect small businesses, either. More than half of companies on the esteemed Fortune 500 list experience, on average, more than an hour and a half of IT downtime every week. It’s just as well, then, that these companies are earning billions, because such damning IT statistics show that technological failures are costing them millions every year.

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